Qantas trims growth plans

Qantas trims growth plans

Qantas is trimming capacity growth and cutting aircraft orders after downgrading expansion plans.

The moves will help achieve Aus$700 million in savings in response to a slowing Australian domestic travel market.

The airline is now targeting capacity growth in the year ending June 30, 2012 of 5.5%, down from 8% previously. Capital expenditure in the second half of the current financial year will fall by Aus$100 million (US$106.8 million).

Next financial year, it will fall by Aus$300 million accompanied by a further Aus$300 million reduction in leased aircraft commitments, Qantas said. Delivery of 34 aircraft is now expected next financial year, down from 43 expected previously.

Orders for 12 narrow-body aircraft have been cancelled or deferred, Qantas said.


This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in News